How Is the Real Estate Market Right Now?

By Michael Durr

Mike Durr, a devoted family man, seasoned athlete, and passionate sports fan, brings over 30 years of real estate expertise to his role at KMG Lending, where his analytical approach and industry-leading closing times have helped his team close over $60 million in property sales.

Are you waiting for the “perfect time” to buy your first home? The truth is, the perfect time to buy is now. Expert predictions show an optimistic outlook for 2025 homebuyers. Here are the reasons why this year is the best time to buy a home:

The market is changing. The real estate market has been slow due to high interest rates, but here’s the good news: Rates are starting to drop. Experts expect them to continue falling by mid-2025. As rates decrease, more buyers will enter the market, and prices will rise. If you wait, you might miss out on a better deal.

More homes to choose from. Right now, many homes are staying on the market longer than usual. Sellers are getting nervous. They may think something is wrong with their home, so they’re more likely to negotiate. This is a great opportunity for you. You can ask for lower prices, request the seller to cover some of your closing costs, or even ask for repairs or upgrades. The longer a house stays unsold, the better the deal you can get.

Don’t wait for perfect interest rates. It’s easy to think, “I’ll wait until rates go down more.” But when rates drop, more buyers will rush in. That means more competition and higher prices. If you buy now, with less competition, you can negotiate a better deal.

Real estate always appreciates. Real estate generally increases in value over time. Even if you’re not getting the lowest possible rate, buying a home now could be a smart investment. Hold onto your property for a few years, and it will likely increase in value.

First-time homebuyers have a guide. Buying your first home can be overwhelming. You may not know what to ask or where to start. That’s why I wrote “First Steps.” It answers the most common questions first-time buyers have and walks you through the process. It’s full of tips to help you feel confident. I’m also offering free Zoom meetings twice a week where you can ask me any questions about home loans and real estate.

The market is great for buyers right now. If you’re ready, check out my book, First Steps, and join one of my Zoom meetings. You can also call or text me at 281-348-9899 or email me at mike@mortgageguys.pro to discuss how to get started. I’ll help you navigate the market to buy your property with confidence and ease.